Target Co. (NYSE:TGT) Shares Sold by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC trimmed its holdings in Target Co. (NYSE:TGT) by 35.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,949 shares of the retailer’s stock after selling 2,191 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Target were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in shares of Target in the 4th quarter worth approximately $90,000. Simmons Bank boosted its holdings in Target by 8.6% during the fourth quarter. Simmons Bank now owns 1,836 shares of the retailer’s stock worth $248,000 after buying an additional 145 shares in the last quarter. Checchi Capital Advisers LLC grew its position in Target by 14.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,525 shares of the retailer’s stock worth $882,000 after buying an additional 833 shares during the last quarter. Sabal Trust CO increased its holdings in shares of Target by 80.3% in the fourth quarter. Sabal Trust CO now owns 7,044 shares of the retailer’s stock valued at $952,000 after buying an additional 3,137 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Target by 46.5% during the 4th quarter. National Pension Service now owns 1,538,247 shares of the retailer’s stock valued at $207,940,000 after acquiring an additional 488,346 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TGT. Piper Sandler decreased their target price on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Guggenheim lifted their price target on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Telsey Advisory Group restated an “outperform” rating and set a $150.00 price objective on shares of Target in a report on Friday, January 17th. BMO Capital Markets decreased their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Finally, Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $157.93.

Target Trading Down 2.6 %

Shares of Target stock opened at $124.05 on Thursday. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a market capitalization of $56.84 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The stock has a fifty day simple moving average of $134.06 and a 200 day simple moving average of $142.56. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.